Orlando, FL -- (SBWIRE) -- 10/08/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Best Buy Co., Inc.(NYSE:BBY), Concho Resources Inc. (NYSE:CXO).
Best Buy Co., Inc.(NYSE:BBY) shares decreased 2.99% to $37.01. BBY’s stock had its “hold” rating reiterated by stock analysts at Bank of America Corp. in a report issued on Sept. 23. They currently have a $38.00 price objective on the stock. Bank of America Corp.’s price objective points to a potential downside of 2.29% from the company’s current price.
Additionally, the company’s Chief Executive Hubert Joly raised about $10.4 million through a share sale to help cover costs for his recent divorce, a regulatory filing showed on Sept. 10.
Joly exercised an option to buy 350,467 shares at $18.02 per share on September 6, after the company's Compensation and Human Resources Committee approved a waiver of the remaining year of the CEO's two-year holding period for the stock award.
Are investors worried about the recent updates with BBY? Find out with a free trend analysis HERE
Concho Resources Inc. (NYSE:CXO) shares dropped 2.99% to $111.80. :CXO)‘s stock had its “hold” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Oct. 3. They currently have a $100.00 price target on the stock. Canaccord Genuity’s price target points to a potential downside of 12.31% from the company’s current price. Separately, analysts at Deutsche Bank raised their price target on shares of Concho Resources (NYSE:CXO) from $120.00 to $125.00 in a research note to investors on Monday, September 23rd. They now have a “buy” rating on the stock.
Is CXO going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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